Summary

Is your smart phone or computer close to capacity with all your saved photos and videos? Imagine if you were a company like Shutterfly that stores photos for all its customers, or an entertainment site that hosts videos? In the petabyte range of data storage (one petabyte is a million gigabytes), it’s no longer feasible to have a “mirror” of everything as your backup.

Cleversafe’s breakthrough and multi-patented technology has reinvented object-based storage, addressing the need for essentially limitless data storage in a world where unstructured content in need of reliable storage continues to grow at 60-80% per year. There is an ever-increasing demand worldwide for storage of data-intensive content in everyday categories such as videos and photos, as well as for more specialized needs — genomic sequencing data, biomedical research, satellite imagery, and regulated reporting in financial services.

As the most cost-effective solution for storing huge amounts of unstructured data, Cleversafe is the market leader in private cloud storage, offering public cloud simplicity, reliability, and lower total costs.

The founders of VCapital co-lead the initial Series A round investment in 2015 at a $4 million valuation.

In 2015, after successfully introducing its product into marquee high-technology, media, government, entertainment and other organizations worldwide, Cleversafe was acquired by IBM for $1.3 billion.

Cleversafe was one of the most successful venture capital high-tech investments in the history of Chicago venture capital investing.

Team

Chris Gladwin from Cleversafe

Chris Gladwin

Founder and Vice Chairman

Gladwin founded Cleversafe in 2004 after creating and managing a number of successful technology start-ups including MusicNow, which was acquired by Circuit City. Earlier, he created the first workgroup storage server at Zenith Data Systems and managed Corporate Storage Standards at Lockheed Martin. Gladwin originated over 300 issued and pending patents related to dispersed storage technology. He holds an engineering degree from MIT.

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John Morris President and CEO

John Morris

President and CEO

John Morris joined Cleversafe in 2013 after thirty years of growing enterprise technology businesses. Most recently, as EVP of Worldwide Field Operations at Juniper Networks, he added more than a billion dollars to Juniper’s top line. Previously, as President/COO he led Pay By Touch, a payments industry startup, to implement its biometric solution in thousands of retail stores. Morris serves on the Dean’s Advisory Council for the Kelley School of Business at Indiana University, as Vice Chairman of the Board for the IU chapter of Phi Gamma Delta, and on the Board of Directors of the Illinois Technology Association.

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News and Press

IBM Paid $1.3 Billion to Acquire Cleversafe in Hybrid-Cloud Push

Bloomberg

IBM paid more than $1.3 billion in cash last year to acquire closely held Cleversafe Inc., adding data-storage software that works for both public and private cloud-computing systems.

Cleversafe Announces New Partnerships and Initiatives to Streamline Object Storage Deployment

infoTECH

Cleversafe's latest hardware, interface options and new software features make it easier than ever for companies to handle their web-scale data storage challenges. New APIs and an agreement with HP Servers ensure wider compatibility.

Chris Gladwin's Cleversafe Seeks to Lead the 100+ Petabyte Storage Market

Forbes

Forbes Insight Profiles of Thought Leaders Changing the Business Landscape interviews Chris Gladwin about the fast-increasing need for 100+ petabyte storage and the prospects for Cleversafe's distributed storage solutions.